United Spirits Ltd shares rally after Diageo announces open offer

In an exchange release on Tuesday, Diageo said it seeks to acquire 3.7 crore shares representing 26% stake at a price of Rs 3,030/share. The offer if successful would take Diageo's holding to 55%. (AP)

SummaryDiageo said it seeks to acquire 3.7 crore shares representing 26% stake at a price of Rs 3,030 per share.